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The National (Scotland)

National

Adam Robertson

What is the triple lock and what impact does it have on pensions?

Liz Truss Inflation

PRIME Minister Liz Truss has said she and her Chancellor remain “completely committed” to the triple lock on pensions.

Truss told MPs on Wednesday that she would be increasing pensions in line with inflation, which currently stands at 10%.

Reports suggested ministers were considering ditching the plans amid the economic turmoil in the wake of the mini-Budget.

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